Multiple Choice
Tropical Tans is saving money to build a new salon. Three years ago, they set aside $12,000 for this purpose. Today, that account is worth $16,418. What rate of interest is Tropical Tans earning on this money?
A) 10.88%
B) 10.97%
C) 11.01%
D) 11.14%
E) 11.23%
Correct Answer:
Verified
Correct Answer:
Verified
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